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BSE: 543622 | NSE: | Telecommunication - Service Provider | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Steelman Telecom Ltd is a below average quality company.
The key valuation ratios of Steelman Telecom Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Steelman Telecom Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 3.2% | 13.4% | 8% | 7.7% | 16.7% | 15.2% | - |
| Value Creation Index ⓘ | -0.8 | 0.0 | -0.4 | -0.5 | 0.2 | 0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||
| Sales ⓘ | 58.7 | 85.5 | 86.3 | 88.7 | 100 | 132 | 132 |
| Sales YoY Gr. | - | 45.7% | 0.9% | 2.8% | 13.2% | 31% | - |
| Adj EPS ⓘ | 0.3 | 1.9 | 1 | 1.6 | 5.2 | 5.8 | 5.8 |
| YoY Gr. | - | 469.7% | -44.7% | 50% | 234.6% | 11.9% | - |
| BVPS (₹) ⓘ | 11.9 | 13.8 | 14.7 | 15.4 | 20.5 | 41.2 | 41.2 |
| Adj Net Profit ⓘ | 0.3 | 1.4 | 0.8 | 1.2 | 3.9 | 5.7 | 6 |
| Cash Flow from Ops. ⓘ | -0.3 | 7 | -4.6 | 2.9 | -2.1 | -5.6 | - |
| Debt/CF from Ops. ⓘ | -28.7 | 1.7 | -3.1 | 4.2 | -7.2 | -2.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 17.5% | 15.1% | 31% | ||||
| Adj EPS ⓘ | NA | 77.7% | 77.7% | 11.9% | ||||
| BVPSⓘ | NA | 28.2% | 40.9% | 101.1% | ||||
| Share Price | - | - | - | -4.3% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 2.8 | 14.6 | 7.3 | 10.4 | 29.2 | 20.5 | 14 |
| Op. Profit Mgn % ⓘ | 1.7 | 3.6 | 3.4 | 2.3 | 6.2 | 5.4 | NAN |
| Net Profit Mgn % ⓘ | 0.4 | 1.6 | 0.9 | 1.3 | 3.9 | 4.3 | 4.2 |
| Debt to Equity ⓘ | 1 | 1.1 | 1.3 | 1.1 | 1 | 0.4 | - |
| Working Cap Days ⓘ | 0 | 64 | 77 | 91 | 97 | 109 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 21 | 25 | 43 | 48 | 57 | 0 |
Sales growth is growing at healthy rate in last 3 years 15.10%
Net Profit is growing at healthy rate in last 3 years 77.74%
Debt to equity has declined versus last 3 years average to 0.35
Return on Equity has declined versus last 3 years average to 14.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 5.8 | 0.9 |
| TTM Sales (₹ Cr.) | 132 | 135 |
| BVPS (₹.) ⓘ | 41.2 | 36.3 |
| Reserves (₹ Cr.) ⓘ | 30 | 25 |
| P/BV ⓘ | 3.62 | 4.11 |
| PE ⓘ | 25.87 | 173.75 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 125.50 / 187.00 |
| All Time Low / High (₹) | 121.85 / 270.00 |
| Market Cap (₹ Cr.) | 144 |
| Equity (₹ Cr.) | 9.7 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 83.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|
| Sales | 59 | 86 | 86 | 89 | 100 | 132 |
| Operating Expenses ⓘ | 58 | 82 | 83 | 87 | 94 | 124 |
| Manufacturing Costs | 11 | 29 | 33 | 44 | 50 | 76 |
| Material Costs | 0 | 0 | 1 | 1 | 0 | -5 |
| Employee Cost | 44 | 52 | 47 | 40 | 42 | 49 |
| Other Costs ⓘ | 3 | 2 | 2 | 1 | 2 | 4 |
| Operating Profit ⓘ | 1 | 3 | 3 | 2 | 6 | 7 |
| Operating Profit Margin (%) | 1.7% | 3.6% | 3.3% | 2.3% | 6.2% | 5.4% |
| Other Income ⓘ | 1 | 1 | 1 | 1 | 1 | 2 |
| Interest ⓘ | 0 | 2 | 2 | 1 | 1 | 1 |
| Depreciation ⓘ | 0 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | -2 | 0 |
| Profit Before Tax ⓘ | 1 | 2 | 2 | 2 | 4 | 7 |
| Tax ⓘ | 0 | 0 | 1 | 0 | 1 | 2 |
| Profit After Tax | 0 | 1 | 1 | 1 | 3 | 6 |
| PAT Margin (%) | 0.4% | 1.6% | 0.8% | 1.6% | 2.7% | 4.2% |
| Adjusted EPS (₹) | 0.3 | 1.9 | 0.9 | 1.8 | 3.6 | 5.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 9 | 10 | 11 | 11 | 15 | 40 | ||||
| Share Capital ⓘ | 0 | 5 | 5 | 5 | 5 | 10 | ||||
| Reserves ⓘ | 8 | 5 | 6 | 7 | 10 | 30 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Debt | 9 | 12 | 14 | 11 | 13 | 14 | ||||
| Long Term Debt | 0 | 0 | 0 | 2 | 2 | 2 | ||||
| Short Term Debt | 9 | 12 | 14 | 9 | 12 | 12 | ||||
| Trade Payables | 3 | 4 | 6 | 8 | 6 | 10 | ||||
| Others Liabilities ⓘ | 4 | 4 | 4 | 6 | 9 | 9 | ||||
| Total Liabilities ⓘ | 25 | 30 | 35 | 36 | 44 | 73 | ||||
Fixed Assets | ||||||||||
| Gross Block | 4 | 4 | 5 | 5 | 6 | 6 | ||||
| Accumulated Depreciation | 1 | 2 | 3 | 3 | 4 | 5 | ||||
| Net Fixed Assetsⓘ | 2 | 2 | 2 | 2 | 2 | 1 | ||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 7 | ||||
| Investmentsⓘ | 1 | 1 | 1 | 0 | 0 | 5 | ||||
| Inventories | 2 | 2 | 1 | 0 | 0 | 5 | ||||
| Trade Receivables | 9 | 4 | 14 | 19 | 21 | 31 | ||||
| Cash Equivalents | 7 | 12 | 10 | 11 | 11 | 12 | ||||
| Others Assetsⓘ | 5 | 8 | 7 | 3 | 10 | 11 | ||||
| Total Assets ⓘ | 25 | 30 | 35 | 36 | 44 | 73 | ||||
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | 7 | -5 | 3 | -2 | -6 |
| PBT ⓘ | 1 | 2 | 2 | 2 | 4 | 7 |
| Adjustment ⓘ | 0 | 1 | 1 | 1 | 3 | 1 |
| Changes in Working Capital ⓘ | -1 | 5 | -6 | -0 | -9 | -14 |
| Tax Paid ⓘ | 0 | -1 | -1 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -3 | -4 | 2 | 1 | 0 | -11 |
| Capex | -1 | -1 | -1 | 0 | 0 | -7 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | -5 |
| Others ⓘ | -1 | -3 | 2 | 1 | 1 | 1 |
| Cash Flow From Financing Activityⓘ | 4 | 2 | 1 | -3 | 2 | 17 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 20 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 2 | 0 | 0 |
| Interest Paid ⓘ | 0 | -1 | -1 | -1 | -1 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 5 | 3 | 2 | -4 | 3 | -1 |
| Net Cash Flow ⓘ | 1 | 5 | -2 | 1 | 0 | 1 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 2.83 | 14.6 | 6.5 | 12.24 | 20.04 | 20.21 | ||||
| ROCE (%) | 6.74 | 17.06 | 13.47 | 11.26 | 16.53 | 20.12 | ||||
| Asset Turnover Ratio | 2.31 | 3.1 | 2.66 | 2.48 | 2.49 | 2.25 | ||||
| PAT to CFO Conversion(x) | N/A | 7 | -5 | 3 | -0.67 | -1 | Working Capital Days | |||
| Receivable Days | 54 | 28 | 38 | 68 | 74 | 72 | ||||
| Inventory Days | 13 | 9 | 8 | 4 | 1 | 8 | ||||
| Payable Days | 0 | 0 | 2,243 | 2,739 | 0 | -559 | ||||
The company was originally incorporated on May 12, 2003 as a private limited company in the name of “Dwarka Prasad Bindal & Sons Hotels Private Limited” vide Registration No 96195 under the provisions of the Companies Act, 1956 with the Registrar of Companies, West Bengal. Further, pursuant to a special resolution of its Shareholders passed in the Extra Ordinary General Meeting held on July 23, 2008 name of the Company was changed to “Steelman Telecom Private Limited” and a fresh certificate of incorporation was issued by Registrar of Companies, Kolkata, West Bengal. Subsequently, pursuant to a special resolution of its Shareholders passed in the Extra Ordinary General Meeting held on May 17, 2022 the Company was converted from a private limited company to public limited company and the name of the Company was changed to “Steelman Telecom Limited” and a fresh certificate of incorporation consequent to conversion was issued on July 08, 2022 by the Registrar of Companies, Kolkata, West Bengal.
Steelman Telecom offers support services and solutions to address the Network requirements of Telecom industry. Over the years the company has been successfully implementing various projects and has been recognized by its clients for quality and timely execution of the projects undertaken. This expertise and capability has helped it to achieve continuous growth and success. The company provides services for Network Survey and Planning, Installation and Commissioning, Network Testing and Optimization, Network Solutions and Managed Services for network maintenance. The company’s strong technical background enables it to effectively carry out end-to-end services thereby covering the entire network & technology service solutions.
The company’s understanding of critical aspects of a technology and utilizing the same to improve coverage, capacity & quality of today’s networks leads to network quality improvement; thereby enhancing every subscriber’s experience. Its technically skilled field workforce ensures effective planning and execution of the projects. Its understanding of new technologies and proven track record of good quality services is complimented with efficient internal processes. The company is ISO certified Company which is testimony to its commitment towards quality and safety. Its manpower strictly maintains the safety precautions with right procedures, right skills and the best equipment available in the world.
Business area of the company
The company offers support services and solutions to address the Network requirements of the Telecom industry. It provides services for Network Survey and Planning, Installation and Commissioning, Network Testing and Optimization, Network Solutions and Managed Services for network maintenance.
Key events
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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